JPMorgan's Profit Slips As Prior-Year Accounting Gain Skews Comparison

Reuters
15 Jul

July 15 (Reuters) - JPMorgan Chase's JPM.N profit fell in the second quarter, reflecting a difficult comparison to last year when the bank had recorded a one-time accounting gain.

Profit was $14.99 billion, or $5.24 per share, for the three months ended June 30, compared with $18.15 billion, or $6.12 per share, a year earlier, the largest U.S. bank said on Tuesday.

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